Feb 24 2009
∞
“ The game Bernanke is playing will allow the Fed to slowly bleed taxpayers to death by 100 tiny cuts. Each cut will all the Fed to inject taxpayer blood (capital) in drips to the banks while pretending the cancerous patient is in good health. Meanwhile, Bernanke is hoping the taxpayer will not notice. This is essentially the same model that left Japan’s economy stagnating for over a decade.
